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Upgrade Alert for KBR (KBR)

By Shiri Gupta

KBR (NYSE:KBR) was upgraded from Hold to Accumulate at Johnson Rice today. The stock closed yesterday at $15.87 on volume of 5.0 million shares, above average daily volume of 1.4 million.

KBR, Inc. is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors. The Company offers a wide range of services through two business segments, Energy and Chemicals (E&C) and Government and Infrastructure (G&I).

Potential upside of 34.4% exists for KBR, based on a current level of $15.87 and analysts' average consensus price target of $21.33. The stock should hit resistance at its 200-day moving average (MA) of $16.37, as well as support at its 50-day MA of $14.75.

In the past 52 weeks, shares of KBR have traded between a low of $11.61 and a high of $20.77 and closed yesterday at $15.87, which is 37% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for KBR and will alert subscribers who have KBR in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades

Ticker(s): KBR